Colter Company prepares monthly cash budgets. Relevant data from operating budgets for 2017 are as follows:

		January		February
Sales		$360,000		$400,000
Direct materials purchases		120,000		125,000
Direct labor		90,000		100,000
Manufacturing overhead		70,000		75,000
Selling and administrative expenses		79,000		85,000

All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20% in the second month following the sale. Sixty percent (60%) of direct materials purchases are paid in cash in the month of purchase, and the balance due is paid in the month following the purchase. All other items above are paid in the month incurred except for selling and administrative expenses that include $1,000 of depreciation per month. Other data:

1.		Credit sales: November 2016, $250,000; December 2016, $320,000.
2.		Purchases of direct materials: December 2016, $100,000.
3.		Other receipts: JanuaryCollection of December 31, 2016, notes receivable $15,000;
		FebruaryProceeds from sale of securities $6,000.
4.		Other disbursements: FebruaryPayment of $6,000 cash dividend.

The companys cash balance on January 1, 2017, is expected to be $60,000. The company wants to maintain a minimum cash balance of $50,000.

Prepare a cash budget for January and February in columnar form. (Do not leave any answer field blank. Enter O for amounts.) COLTER COMPANY Cash Budget January February